ENCRYBIT EXCHANGE VS OTHER EXCHANGE PLATFORMS : OUTSTANDING SECURITY MEASURES

Hello steemians, like I earlier made some posts here and here about Encrybit exchange, I would be talking about the security measures being set up by Encrybit to ensure maximum security to traders funds.

Encrybit exchange earlier made a survey about experience of traders on their conventional exchanges which revealed that 40% of the participants have security issues on their day to day trading on exchanges.

Since the history of some major hacks and scams were recorded on some popular exchanges, the fear of losing funds when they’re being stored on exchanges has been on the high increase among traders.

The major security leakages which most times results in successful cyber attacks is API transportation in which cyber criminals attacks the API and Web service protocols in order to get into the system and control transactions. This makes API less secure and prone to attacks by cyber criminals.

Encrybit has recognised this problem and has put in several measures to counter against all forms of hacks and scams in order to safely protect trader’s funds.

On Encrybit exchange, there are multiple security advisors and information security experts which allows Encrybit to get security architecture services from the industry’s best through the use of accurate SDLC methodology.

Some of the security measures put in place by Encrybit include secured server infrastructure, secure and modularised coding methods, ethical hacking practises and application and server penetration testing.

All these security measures are categorised put into three groups which are highlighted below;

• General user security: This consists of 2-factor authentication, wallet address white-listing, Device authentication, anti-phishing alert, IP whitelisting, and withdrawal authentication
• Technical level security: Consists of cross site scripting, LDAP injection, Advanced SQL injection, Buffer overflow, parameter tempering, Denial of service (DDOS Attack), and others
• System level security: Consists of regular security auditing for system stability and upgrade, regular encrypted database and system image backup which has full mirror functionality, HWS certified cold and active storage for managing fund, test environment which is meant for applying security related patches and wrapping of API calls with SSL encrypted and cryptographic sign which prevents any form of phishing attacks.
  

Cyber attacks and scam would be nothing to worry about by all traders on Encrybit exchange with all these security measures on standby which makes it stand out among the other conventional exchanges.
For further enquiries about this exchange and its ICO kindly check the following links;
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Author Bitcointalk username; amusanmikel2
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